Stock futures rose Friday as Wall Street tried to end the week on a high note. S&P 500 futures gained 0.1%, while Nasdaq 100 futures advanced 0.4%. Dow Jones Industrial Average futures were about flat. The major averages are coming off a winning session thanks to gains in chip stocks. Taiwan Semiconductor led the advance after a blowout fourth-quarter report. Further, the U.S. and Taiwan reached a trade agreement in which Taiwanese chip and tech companies will invest at least $250 billion in production capacity in America. Bank stocks also got a boost after Goldman Sachs and Morgan Stanley posted solid fourth-quarter results. Goldman shares gained more than 4%, while Morgan Stanley added nearly 6%. “The fundamentals are really healthy. You’re looking for above-average earnings growth, margins, sales revenue, the Fed cutting interest rates likely this year. That’s all positive,” Larry Adam, Raymond James chief investment officer, said on CNBC’s “Power Lunch.” To be sure, Adam said he’s slightly cautious coming into 2026. Risks to the market’s gains include expensive valuations, which leaves the market vulnerable to disappointments, the investment chief said. He added that retail investors also already own a record amount of equity, and that the U.S. is readying for midterm elections that could lead to an uptick in volatility. Investors are preparing to close out a hectic week. They’ve been grappling with a slate of headlines out of Washington, running the gamut from heightened geopolitical risk in Iran and Greenland to worries over threats to the Federal Reserve’s independence. The major averages are heading for losses on the week, with the S&P 500 off 0.3% and the Nasdaq down 0.6% in the period. The Dow is down 0.1% week to date. U.S. Treasury yields rose on Friday as investors monitored the economic outlook and geopolitical concerns. The benchmark 10-year Treasury yield rose 1.5 basis point to 4.175% at around 6:48 a.m. ET. The yield on the 2-year Treasury advanced was marginally lower at 3.567%. The 30-year Treasury yield was nearly 2 basis points higher at 4.803%. Asian chip stocks climbed Friday after the U.S. reached a trade deal with Taiwan, bringing the island and South Korea’s index to record highs. The Taiwan Weighted Index climbed 1.94% and closed at a record high of 31,408.7, making it the best-performing Asian market on Friday. South Korea’s Kospi was up 0.9% and closed at a record high of 4,840.74, marking its 11th straight day of gains. The small-cap Kosdaq was 0.36% up to 954.59. Elsewhere, Japan’s Nikkei 225 slipped 0.32% to close at 53,936.17, extending losses from Thursday, while the broad-based Topix was down 0.28% to 3,658.68. Australia’s S&P/ASX 200 rose 0.48% to 8,903.9, notching five straight winning sessions. Hong Kong’s Hang Seng index was down 0.48% in its last hour of trade, while the mainland’s CSI 300 lost 0.41% to finish at 4,731.87. Oil prices rose slightly on Friday as market participants weighed concerns about supply risks, though the chances of a U.S. strike on ⁠Iran have receded. Brent gained 5 cents, or 0.1%, to $63.81 per barrel, while U.S. West Texas Intermediate rose ‍8 cents, or 0.1%, to $59.27 ‍per barrel at 0749 ‍GMT. Both Brent and WTI rose to multi-month highs this week after protests flared up in Iran and U.S. President Donald Trump signalled the potential for strikes on the nation. ‌Brent ‌prices were still set for a fourth week of ​gains. “Given the potential political upheaval in Iran, oil prices are likely to experience greater volatility as markets digest the potential for supply disruptions,” BMI analysts said in a note to clients. Gold extended its losses on Friday after stronger-than-expected U.S. economic data dampened expectations of the U.S. Federal Reserve cutting interest rates sooner and softening geopolitical frictions shrunk safe-haven demand for the metal. Spot gold eased 0.04% to $4,612.92 per ounce. However, the metal is poised for a weekly gain of about 2% after scaling a record peak of $4,642.72 on Wednesday. U.S. gold futures for Feb. delivery fell 0.1% to $4,618.30.